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Business Profile

Property Maintenance

Sridhar Equities, Inc.

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Property Maintenance.

Complaints

Customer Complaints Summary

  • 1 complaint in the last 3 years.
  • 1 complaint closed in the last 12 months.

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The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

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Complaint type

  • Initial Complaint

    Date:03/19/2025

    Type:Product Issues
    Status:
    Resolved
    Resolved:
    The complainant verified the issue was resolved to their satisfaction.
    Unresolved:
    The business responded to the dispute but failed to make a good faith effort to resolve it.
    Answered:
    The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.
    Unanswered:
    The business failed to respond to the dispute.
    Unpursuable:
    BBB is unable to locate the business.
    On January 15, 2025, I paid off a house loan in full, in the amount of $1,165,000, to Sridhar Capital Advisors, LP (also known as Sridhar Equities, Inc.). The payment was made via wire transfer from ********* in ********** to **************** in ****, using wiring instructions provided by my attorney, ***** ****. These instructions were originally received from Sridhar Capitals attorney, *** *********.Despite multiple inquiries, I have not received the necessary paperwork to close the loan and update the county records. On February 28, 2025, Sridhar Capital's CEO, **** Sridhar (also known as Madhu Sridhar), informed me via text message that the wiring instructions were incorrect and that they had not received the $1,165,000 transfer.This situation raises serious concerns about potential fraudulent activity, resulting in a direct financial loss of $1.165 million. Furthermore, these entities have a history of past and ongoing lawsuits, indicating a possible pattern of misconduct. I formally request an investigation into Sridhar Equities, its CEO **** (Madhu) Sridhar, and his attorney, *** *********.

    Business Response

    Date: 03/30/2025

    Ms ***** & BBB:

    It appears Ms ****** lawyers email was hacked and Ms ***** has now hired counsel to address this matter. It appears she has wired the payoff funds to a fraudulent company, not to us.

    My company and my lawyer are fully cooperating with Ms ***** and her lawyer, ***** ******.

    We sincerely hope shes able to recoup her funds and stand ready to assist. 

    Matt Sridhar , Sridhar Capital 

     

    Customer Answer

    Date: 04/02/2025

     
    Better Business Bureau:

    I have reviewed the response made by the business in reference to complaint ID ********, and find that this resolution is satisfactory to me.

    Sincerely,

    ********** *****

Sridhar Equities, Inc. is NOT a BBB Accredited Business.

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